Q 1: Self Introduction?
A: Self Introduction given.
Q 2: Which Documents required preparing an Accounting book of past business?
A:
1. Collecting and Verifying Source of
Documents.
2. Analyze each transaction
3. Journalize each transaction
4. Post to the ledger
5.
Preparing a Trail Balance
6.
Preparing a worksheet.
7.
Preparing Financial Statement
8.
Journalize and post closing entries
9.
Preparing a post closing trail balance.
Q 3: Which is Source of Documents?
A: A)
Receipts, B) Invoice, C) Cheques, D) Deposit Slips, E)Payment Vouchers, F)Debit
Notes, G)Credit Notes, H) Statement of Accounts, I) Bank Statements, J) Loan
Statements, K) Credit / Debit Cards Statements.
Q 4: How does show helmets in accounting book, which is provided to
the customer on sales of a motor bike ? (Two helmets)
A:
Normally this additional items (helmets, Tool kits, First Aid Kit) cost
including In cost of Vehicle- in case of importing vehicle only and this
additional purchased from locally means, required to add this as below example:
Vehicle
Cost + Import Cost + Misc. Exp Cost + Helmets, Tool Kit, First Aid Kit Cost =
Total Cost of Vehicle.
Helmets,
Tool Kit, First Aid Kit Expenses under Indirect Expenses – Shown as Business
Promotions Expenses.
Q 5: How do you find “ Branch Sales Rep” sold an Item more than MRP
– in Cash Sales Transaction ?
A:
Legal Sales Invoice only considered in this transaction – if sales Rep
collected more than MRP and issued lesser Amount of Sales Receipt (as MRP),
Company is not liable for the additional amount which is collected by the Sales
Rep.
To
prevent such frauds should take customers details like contact number and
customer signature on sales invoice.
Q 6: When did you prefer to take physical Stock Reports?
A: Every Quarterly Period & When the Branch
Head (Inventory In-charge) leaving form the branch (On leave / transfer/
leaving from company).
Q 7: If One Sales Rep- Branch Head leaving from his duties, what is
the procedure to relive?
A: Conducting Internal Audit of respective
branch before leaving the Branch Head.
Good articles, Have you heard of LFDS (Le_Meridian Funding Service, Email: lfdsloans@outlook.com --WhatsApp Contact:+1-9893943740--lfdsloans@lemeridianfds.com) is as USA/UK funding service they grant me loan of $95,000.00 to launch my business and I have been paying them annually for two years now and I still have 2 years left although I enjoy working with them because they are genuine Loan lender who can give you any kind of loan.
ReplyDelete